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20121201
20121231
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're going to raise revenue going forward. host: our next caller comes from chris in houston, texas on our line for democrats. go ahead, chris. caller: hi. i'm just saying that payroll tax, we really don't get a tax relief because at the end of the year, we had to pay -- we get less back from the government on our income tax. and what the payroll tax does, it just gives us more money during the year. and one other thing. president bush had a surplus at the start of his term of being president. instead of giving that tax rate to the rich, he should have put that money into medicare. what kind of fool doesn't see the babyboomers coming into their health issues? host: joseph rosenberg. guest: so just as a point of clarification, so the payroll tax cut, it is not recaptured at the end of the year. so that is -- for the past two years, the tax rate has been reduced by 2% that has basically been trickled out in paychecks in the form of lower withholding throughout the year. but is not later recaptured at the end of the year with a higher tax. host: next up is mickey in kings port, tennessee, on
Search Results 0 to 1 of about 2 (some duplicates have been removed)